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The Financial Express

Search results for: Trade

Global LNG trade continues to grow

Global LNG trade continues to grow

-- 2018-06-12 13:55:59

Global trade in liquefied natural gas (LNG) continued to expand in 2017, while Asian countries led the growth, the US Energy Information Administration (EIA) has reported. The global trade in LNG r...

NRB Bank opens second agent outlet

NRB Bank opens second agent outlet

FE Online Desk 2018-06-12 13:55:05

NRB Bank Limited, a leading 4th generation bank of the country, inaugurated its 2nd Agent Outlet as pilot basis at Boroibari Bazar, Kaliakoir, Gazipur recently. Mr. Saaduddin Ahmed, Deputy Managi...

50pc RMG units yet to pay wages

50pc RMG units yet to pay wages

FE Report 2018-06-12 13:12:38

Nearly half of the industrial units have failed to meet the government deadline for payment of wages for May, said the Industrial Police (IP). About 3,022 industrial units have paid workers salaries...

Call to stop sending domestic helps to Saudi Arabia

Call to stop sending domestic helps to Saudi Arabia

FE Report 2018-06-12 13:08:38

Bangladesh should stop sending domestic workers to Saudi Arabia considering pervasive workplace abuse there, speakers at a programme said on Monday. Rather, job opportunities should be created for le...

Affluent section opts for air travel as Eid nears

Affluent section opts for air travel as Eid nears

FE Report 2018-06-12 12:34:01

Local airliners are experiencing a rush of homebound ticket-seekers ahead of the Eid-ul-fitr, operators said. Poor condition of highways and difficulties in getting tickets of both trains and passeng...

Agrani Insurance, Zantrik ink MoU

Agrani Insurance, Zantrik ink MoU

FE Online Desk 2018-06-11 15:28:53

Agrani Insurance Company Limited has signed a Memorandum of Understanding (MOU) with Zantrik Limited at its corporate office in the capital recently. Md Anwar Hossain, chief executive officer (CEO) o...

Rolls-Royce plans thousands of job cuts

Rolls-Royce plans thousands of job cuts

-- 2018-06-11 15:04:09

Britain’s Rolls-Royce said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine, compounding pressures on a group that is due to cut more...

8th AGM of NCCB Securities held

8th AGM of NCCB Securities held

FE Online Desk 2018-06-11 14:16:20

The 8th Annual General Meeting of NCCB Securities and Financial Services Ltd was held at its Head Office recently. Md. Amirul Islam FCA, FCS, Chairman of NCCB Securities and Financial Services Ltd pr...

Trust Bank inks deal with SRCC on ‘t-cash’

Trust Bank inks deal with SRCC on ‘t-cash’

FE Online Desk 2018-06-11 14:10:59

Trust Bank Limited (TBL) has signed an agreement with Shaheed Ramiz Uddin Cantonment College (SRCC) recently for collection of student’s tuition fees through ‘t-cash’ and providing a...

Oil prices fall as US, Russia supplies grow

Oil prices fall as US, Russia supplies grow

-- 2018-06-11 12:05:16

Oil prices fell on Monday, pulled down by rising Russian production and US drilling activity creeping to its highest in more than three years. Analysts expect surging US output to start offsetting ef...

Comprehensive green growth strategy a must to reap benefits

Comprehensive green growth strategy a must to reap benefits

FE Report 2018-06-11 11:09:52

Bangladesh's progress in green business in a number of cases is yet to leave any visible impact on effective and efficient green growth businesses. Lack of a comprehensive green growth strategy is th...

Bhutan boulder export to BD hits bump in Indian territory

Bhutan boulder export to BD hits bump in Indian territory

FE Report 2018-06-11 10:59:14

The growing export of Bhutanese boulders to Bangladesh has faced some problems recently while crossing the Indian territory. In two such incidents, boulder trucks were stopped in the Indian territory...

Fake note phobia grips Ctg businesses

Fake note phobia grips Ctg businesses

Pankaj Dastider 2018-06-11 10:46:12

CHATTOGRAM: Traders as well as common people are now afraid of fake notes of Tk 500 and Tk 1,000 denominations during transactions amid reports of counterfeit currency seizures. Law enforcement autho...

ICT industry seeks tax exemption for ITES, Internet service

ICT industry seeks tax exemption for ITES, Internet service

FE Report 2018-06-11 10:45:32

The ICT industry stakeholders have sought tax exemption for Information Technology Enabled Service (ITES), Internet service and networking equipment in the budget for fiscal year (FY) 2018-19. They m...

World cup fever pushes up TV sales

World cup fever pushes up TV sales

Saif Uddin 2018-06-11 10:32:07

Sales of television (TV) sets have marked a significant rise in the run-up to FIFA World Cup 2018, traders said. Consumers are mostly attracted by promotional offer from well-known electronics brands...

Companies to face fines over non-submission of staff's tax info

Companies to face fines over non-submission of staff's tax info

Doulot Akter Mala 2018-06-11 10:01:20

Employers may have to pay a fine, equivalent to 10 per cent of their total payable tax or Tk 5,000, whichever is higher, for their failure to furnish the tax payment details of their employees. The F...

T-bills’ interest rates up ahead of Eid

T-bills’ interest rates up ahead of Eid

Siddique Islam 2018-06-11 09:54:22

The interest rates on the treasury bills (T-bills) increased significantly, as the banks showed unwillingness to invest their funds in the government securities ahead of the Eid. The cut-off yield, g...

Core group for introducing banking channel operations between BD, CIS

Core group for introducing banking channel operations between BD, CIS

FE Report 2018-06-10 21:35:17

President of CIS-BCCI (Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry) Mr. Md. Habib Ullah Dawn along with Board of Directors of the chamber met Fazle Kabir, Govern...

China-South Asia Expo to begin in Kunming on Tuesday

China-South Asia Expo to begin in Kunming on Tuesday

-- 2018-06-10 20:50:44

The 5th China-South Asia Expo (CSAEXPO) and the 25th China Kunming Import and Export Commodities Fair are set to begin at Kunming Dianchi International Convention and Exhibition Centre in Kunming, Chi...

LNG distributors seek price hike at retail level

LNG distributors seek price hike at retail level

-- 2018-06-10 18:30:49

All the state-owned gas distribution and transmission companies including Titas Gas have sought to hike gas prices by 75 per cent on average for different consumer groups at retail level. Thus, the p...

Ocean Paradise Hotel offers exclusive discounts to EBL cardholders

Ocean Paradise Hotel offers exclusive discounts to EBL cardholders

FE Online Desk 2018-06-10 13:40:26

Eastern Bank Ltd (EBL) has recently entered into a partnership agreement with Ocean Paradise Hotel and Resort located in Cox’s Bazar. Under the agreement, EBL cardholders will enjoy exclusive d...

China to offer $4.7 billion in loans under SCO framework

China to offer $4.7 billion in loans under SCO framework

Reuters 2018-06-10 12:52:55

Chinese President Xi Jinping, speaking at a summit of the Shanghai Cooperation Organisation (SCO), said the country would offer the equivalent of 30 billion yuan ($4.7 billion) in loans under a framew...

BKB holds review meeting of Ctg division

BKB holds review meeting of Ctg division

FE Online Desk 2018-06-10 12:48:26

A day-long review meeting of Bangladesh Krishi Bank (BKB) for the Chief Regional Managers, Regional Managers, Corporate Branch Heads and  Branch Managers of Chittagong division was held at the LG...

Jamuna Bank opens 123rd branch

Jamuna Bank opens 123rd branch

FE Online Desk 2018-06-10 12:37:08

Jamuna Bank opened its 123rd branch at Shibpur, Norishingdi recently. Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation inaugurated the Branch as the chief guest. Managing Director & CEO Jam...

NRB Bank arranges training programme

NRB Bank arranges training programme

FE Online Desk 2018-06-10 12:27:44

NRB Bank Limited organised a day-long training programme titled “Prevention of Money Laundering & Terrorist Financing” at Bank’s Institute of Learning & Development, Dhaka re...

No country benefits from protectionism: Abe

No country benefits from protectionism: Abe

-- 2018-06-10 10:55:22

Japanese Prime Minister Shinzo Abe said on Saturday that no country benefits from protectionism, and that all measures should be consistent with World Trade Organization rules, as he wrapped up a some...

G7 summit ends in disarray over tariffs

G7 summit ends in disarray over tariffs

-- 2018-06-10 10:18:45

US President Donald Trump has retracted his endorsement of the joint communique issued at the end of the G7 summit, accusing Canada of "dishonesty". He said that other countries were imposing "ma...

Reduce corporate tax rate to 10pc: BGMEA

Reduce corporate tax rate to 10pc: BGMEA

FE Report 2018-06-10 10:09:11

The apparel trade body urged the government on Saturday to reduce the proposed corporate tax rate to 10 per cent and withdraw source tax for the sector for next three years. "Every year the governmen...

FBCCI calls for lending rate cut in sync with fiscal benefits

FBCCI calls for lending rate cut in sync with fiscal benefits

FE Report 2018-06-10 10:01:27

The local top trade body on Saturday called for bringing the lending rate down to a single digit by harnessing fiscal benefits announced in the budget for the next fiscal. On Thursday, Finance Minist...

BGMEA demands reduction of corporate tax

BGMEA demands reduction of corporate tax

FE Online Report 2018-06-09 20:18:13

BGMEA on Saturday demanded a reduction of proposed corporate tax to 10 per cent and withdrawal of source tax for the next three years for the apparel sector. Md Siddiqur Rahman, president of BGMEA ma...